August 15, 2019 / 5:18 AM / a month ago

BRIEF-St Galler Kantonalbank H1 Net Profit Up At CHF 82.5 Mln

Aug 15 (Reuters) - St Galler Kantonalbank:

* H1 GROSS PROFIT STANDS AT CHF 108.1 MILLION, UP SIGNIFICANTLY (+ 6.9%) ON THE PREVIOUS YEAR

* H1 NET PROFIT REACHES CHF 82.5 MILLION (+ 1.7%)

* SGKB DOES NOT EXPECT A RATE HIKE BY THE SWISS NATIONAL BANK UNTIL 2022

* FOR THE YEAR 2019, SGKB EXPECTS AN OPERATING RESULT IN THE CONTEXT OF THE PREVIOUS YEAR

* FY GROUP PROFIT IS EXPECTED TO BE SLIGHTLY BELOW THE PREVIOUS YEAR'S LEVEL

Source text - bit.ly/2N5v4Pg

Further company coverage: (Gdynia Newsroom)

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